Russia's Transneft says redirects Belarus oil

MOSCOW Jan 21 (Reuters) - Russia's Transneft (TRNF_p.MM: Quote) has redirected oil flows from Belarus refineries to the ports of Primorsk, Novorossiisk and Gdansk in Poland as Russia's oil spat with Belarus continues, a company spokesman told Reuters.

"We have redirected our flows to Gdansk, Primorsk and Novorossiisk in January. The volumes are rather large, around 1.5 million tonnes a month," said the oil pipeline monopoly's spokesman Igor Dyomin.

He also said that as a result of the oil stand-off between Russia and its ex-Soviet neighbour Belarus, Transneft has had to hold more crude in domestic storage, but that the company is now letting go of those volumes.

"We have accumulated oil in our internal storage system but since they (Belarus and Russia) haven't agreed, we are going to send that oil on," said Dyomin.

Belarus, whose refineries have a daily capacity of 360,000 barrels of oil, stopped receiving Russian Urals oil deliveries on Jan 1, after the countries failed to come to a pricing agreement.

Dyomin also said Russia's refineries are processing more crude oil as a result of the spat.

(Reporting Jessica Bachman and Gleb Gorodyankin;Writing by Jessica Bachman)


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